6 veteran P2P platforms announced that the withdrawal of the group's online loan industry will accelerate
Our reporter Li Bing
Recently, the 9-year old P2P platform Weidai.com announced its withdrawal from the online loan industry. According to the incomplete statistics of Internet Loan Home, since the beginning of this year, six head online loan institutions have announced their withdrawal from online loan business.
Zero One Research Institute President Yu Baicheng told the "Securities Daily" reporter, "There are indeed signs of acceleration in the withdrawal and transformation of large online lending institutions, and there are several factors behind it. First, in accordance with the requirements of regulators, online lending The remediation has entered the closing stage; the second is that in November last year, the mutual gold remediation team released the "Guiding Opinions on the Pilot Transformation of Online Lending Information Intermediaries to Microfinance Companies". The support of the regulator; the third is the sudden outbreak this year, which makes it more difficult to maintain the original business of online lending institutions, thus accelerating the pace of deregulation and transformation."
Wang Shiqiang, a senior researcher at the Sack Institute, added, “Head platforms generally have high loan balances and many lenders and borrowers. Therefore, it will take a long time for such platforms to transform and exit.
The microloan net loan balance is nearly 7.15 billion yuan
On May 31, Weidai.com, a US-listed company, officially released the "Announcement on Weidai.com's withdrawal from the online lending industry." It said that due to national policies and industry trends, Weidai.com, after careful research and decision, will be in June 2020. Withdrew from the online loan industry 30 days ago and no longer operates the online loan information intermediary business.
The data shows that Weidai.com is an online loan platform focused on auto mortgage lending services. It was launched in July 2011 and has been in operation for 9 years. On November 15, 2018, Weidai.com was listed on the New York Stock Exchange.
Weidai.com said that at the request of the majority of lenders and after comprehensive consideration, the deadline for signing the asset management plan is 18:00 on June 9, 2020, and the signing channel will be closed after the deadline. For lenders who have not signed after the deadline for signing the asset management plan, the redemption plan will be announced as soon as possible.
According to the official website data of Weidai.com, as of February 2020, Weidai.com had a loan balance of 8.583 billion yuan, and the balance of loans was 336,600; the cumulative loan amount reached 298.662 billion yuan, and the cumulative loan amount reached 7,823,600. In addition, according to the statistics of Internet Loan Home, as of the time of the announcement, the micro-loan net loan balance was about 7.15 billion yuan.
According to Yu Baicheng, "Large online lending institutions have large stocks and liquidation relies heavily on borrowers' repayments. Therefore, they have invested major efforts in collection and asset disposal to achieve gradual withdrawal. At present, many large online lending companies have recently received After entering the central bank's credit investigation, the regulator is also deterring the old Lai borrowers from the system as much as possible, to help the platform withdraw benignly."
6 well-established online lending institutions have withdrawn
Among veteran head online lending institutions, Weidai is not an “exclusive” exit. According to the statistics of Internet Loan Home, since the beginning of this year, there have been six P2P online loan institutions with repayments of more than 2 billion yuan that have announced their withdrawal from the online loan industry.
In an interview with a "Securities Daily" reporter, Shiqiang Wang said, "The success probability of the transformation of the head platform is still relatively optimistic."
On February 15, Building Block Box announced its withdrawal from the online loan industry. Its external announcement stated that it will start strategic transformation from now on, apply for transformation into a microfinance company, stop issuing new bids, stop debt transfer operations, close recharging channels, and accept users who have realized the repayment of the project at the end of the project and recharged unlent Withdrawal operation. According to the data of Internet Loan Home, as of the company's announcement, the loan balance of the building block box was 4.02 billion yuan.
The data shows that the building block box went online in August 2013 and has a 7-year operating history. It is a standing director unit of the China Internet Finance Association, a vice president unit of the Beijing Internet Finance Association, and a vice president unit of the Shanghai Financial Information Industry Association.
On the evening of March 19, Renren Jucai, the Shenzhen P2P platform, officially announced its voluntary withdrawal from the online lending information intermediary business. It has filed relevant matters with the financial work department and is expected to complete the redemption within 3 years from the date of redemption. According to the data disclosed on the company's official website, the accumulated transaction value of Renrenjucai platform is 32.964 billion yuan, the current loan balance is 2.735 billion yuan, the number of lenders is 26783, and the overdue amount is 435 million yuan. According to the data, Shenzhen Renrenjucai Financial Information Service Co., Ltd. was founded in 2011 and specializes in online loan information intermediary services for personal vehicle mortgage assets. It has been in operation for 9 years.
In addition, according to the statistics of Internet Loan Home, Paipai Loan stopped issuing bids in October 2019, and gradually withdrew from the online loan business. In March 2020, it announced the offline bank depository system. Information shows that Paipaidai was established in 2007 and has a 13-year history of operation. It is one of the oldest P2P platforms in China and was successfully listed on the New York Stock Exchange in 2017. According to the statistics of Internet Loan, as of the announcement, the loan balance of Paipai Loan was about 2.8 billion yuan.
On the evening of April 17, R&D Technology announced through its WeChat public account "Random Investment" that it decided to start a strategic transformation, conduct an orderly and batch-wise business settlement of the original online loan business stock, and steadily withdraw from the online loan business. According to data from Internet Loan, as of the announcement, its loan balance was 2.574 billion yuan. According to its official website, Suishou Technology was established in 2011 and has been in operation for 9 years.
On May 9, Maverick Online, a well-known Shenzhen P2P platform with a scale of 100 billion yuan, announced its "benign" exit. According to its official disclosure, the current total number of borrowers on the platform is 1,167,100, and the loan balance is 10.420 billion yuan. The data shows that Maverick Online was officially launched in June 2013 and has 7 years of operating history. It is the first batch of members of the China Internet Finance Association. In 2018, it was promoted to the director unit of the China Internet Finance Association. It is also a rare ICP and EDI in China. 3. An intelligent financial service platform with national information security level protection level three certificates and complete certificates.
With regard to the successive withdrawal of many online lending platforms, Yu Baicheng believes that "At present, most of the large-scale online lending institutions are still in the process of liquidation. The larger the stock, the larger the scale of bad debts and the more problems. Therefore, a benign exit is not easy, and even more difficult than many small and medium-sized platforms. The strength of shareholders and platforms, asset quality, compliance, regulators’ attitudes, and new business development will all affect the platform’s exit process. "Yu Baicheng emphasized that because of the large scale of online lending institutions and the large number of users involved in the exit process, both the platform and the regulator are very cautious." Large-scale online lending institutions generally belong to relatively high-quality companies in the industry. Most of them hope to achieve transformation at the same time of retreat, such as launching applications for online small loans and transformation assistance loans to continue the accumulated online lending business capabilities and users in recent years. (Securities Daily)